The Arizona sentinel., 1887-11-12
BOARD OF SUPERVISORS.
Office of the Board of Supervisors.
County of Yuma, A. I.
A 1907

o CLOCK A. M, ROll called, freSenC, Cudli
man c. V. Meeden, Supervisors .. F. Town
send, D. NJ Field and Clerk. Statemen
of treasurer presented as requested and found
correct.
Whereas, The Board of Supervisors Of
this Yuma County, deem it best, and
has decided to fund and redeem the i'll
debtedness of said County, which was con-
tracted prior to July 80. A. d. 1886, anu
ali obligations existing and contracted under
the laws of the Territory of Arizona, con-
tracted prior TO said Both, of July, 1886, by
said County of Yuma. And, whereas, there
is now, outstanding One Hundred and
Twenty one Thousand Eight Hundred and
Sixty five Dollars and Eleven Cents. (Sl2l,
$50. IL, Indebtedness of said County of
Yuma, principal and intere st, for warrants
drawn on the General fund, of said County
And whereas there is outstanding. Five
Thousand Three Hundred and Seventy five
Dollars and Forty one Cents. (S5375, Al in
debtedness on account of warrants drawn
on the Contingent fund of said County for
principal and Interest. And whereas there
is outstanding. One Thousand Three Hun
bred and Fifty Three dollars and seventy
i've cents 1888, 75) indebtedness on ac-
count of warrants drawn ON the Road fund
Of said County for principal and interest,"
And whereas, all of the warrants and in
debtedn:ss above specified, draws interest
at the rate of ten per centum per annum, and
it appearing to the Board of Supervisors
that all of said Indebtedness of said County
of Yuma above specified can be redeemed
and refunded at lower rate of interest,
and to the profit and benefit Of said County
of Yuma Now, Therefore it is here by or
dered that the negotiable coupon bonds Of
the said County of Yuma to the amount of
one hundred and ten thousand dollars, or
such part thereof as may be necessary to re-
deem and refund all of the warrants and
Indebtedness above mel toned and specified,
be issued in conformity with the provisions
OF an act. of the Legislative Assembly of the
Territory Arizona, entitled, San act to enable
any County to fundIts outstanding indebted
ness" approved March 2, 1887, for the
purpose of refunding and redeeming the
warrants and indebtedness, principal and
interest above specified.
The amount of eighteen thousand dollars,
more or less, being the amount that will be
paid with the taxes now to be collected for
year 1857. That said bonds so issued shall
bear interest at the rate of seven per cent
per annum, and shall be payable in gold coin
or its equi' a,ent in lawful money of tie
United States principal and intereSt.-Ten
per cent of said bonds hereby ordered to be
issued, are to be paid in five years after
date, and ten per cent thereof to be paid
annually thereafter, principal and interest as
provided in said act. The interest to be paid
annually on said bonds on the 10Th, day
of January of each year, and none of said
bonds to be made payable more than twenty
years after date, nor shall any of said
bonds be paid before five years after date.
On motion Board adjourned to Nov. s 1897
at 10 o'clock A. NJ.
c. V. MEEDEN,
CHAIRMAN,
J. L. REDoNDo,
Clerk.
By r. I. BURR, Deputy.
Yuma A. T. Nov. 8 1887.
Board met pursuant to adjournment at 10 |
4. NJ. Roll Called, present Chairman c. v |
Meeden, Supervisors, o. F. Townsend, |
D. M. Field.
Minutes OF yesterday read and approved, |
Motion by o. F. Townsend, seconded by |
:. V. Meeden and carried, that advertise
ments for sale of Yuma Co. bonds be |
published in Arizona SENTINEL for 80 days,
nDaily San Francisco Chronicle for 10 DAYS |
n Daily New York World 10 days.
On motion, seconded and carried it is or
Tered that this Board and the County Treas
lrer will receive bids for said sale of bonds |
N the 10Th day of December 1887 at 10 A.
N. of said day.
Minutes read and approved and on motion |
adjourned to Dec. 5 1887, at 10 A. NJ
C. V. MEEDEN,
CHAIRMAN